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Search resuls for: "Michel Merluzeau"


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Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus(AIR.PA), are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data. The target may no longer be achievable if Boeing can no longer meet its goal of delivering 400 737s this year. Spirit, which reports Nov. 1, has already revealed preliminary results as part of a new price agreement with Boeing.
Persons: Benoit Tessier, Whitney, Rob Stallard, ” RTX, Ron Epstein, Vertical's Stallard, Patrick Shanahan, Pat, Michel Merluzeau, Shanahan, Valerie Insinna, Pratyush Thakur, Ben Klayman, Josie Kao Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Pratt, U.S, Airbus, Research, LSEG, ” Bank of America, Thomson Locations: Le Bourget, Paris, France, Washington, Bengaluru
REUTERS/Benoit Tessier/File PhotoWASHINGTON, June 29 (Reuters) - Spirit AeroSystems (SPR.N) said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. The deal is a boon for Boeing, which is on the verge of increasing MAX production from 31 jets to 38 jets per month. Boeing Commercial Airplanes CEO Stan Deal said on June 18 the production ramp was set to occur "pretty soon." Although Boeing maintains some buffer inventory, analysts had warned a prolonged strike could have forced the company to slow or stop MAX production. The company has been the source of several high-profile production defects on Boeing jets, such the incorrect installation of a bracket on the 737's vertical tail.
Persons: Benoit Tessier, It's, Craig Martin, Stan Deal, Cowen, Cai von Rumohr, Michel Merluzeau, Valerie Insinna, Sandra Maler, Nick Zieminski, Jamie Freed Organizations: Boeing, International Paris Air, Le, REUTERS, WASHINGTON, International Association of Machinists, Aerospace Workers, U.S, Airbus, IAM's Southern Territory, Boeing Commercial, AIR, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Its Wichita, IAM's Southern, Seattle
After increasing monthly MAX production rates to 38 in June, Boeing's current plans call for 42 MAXs a month by January 2024 and 47 by June 2024, the sources, who asked not to be identified, told Reuters. Boeing, which has not provided details of its production plans, declined to comment. The U.S. planemaker further pared back MAX rates during the COVID-19 pandemic. "Boeing doesn't really have plans to get beyond 52 (MAXs), nor is it likely to do so. Meanwhile, Merluzeau said 737 MAX production appears to be stabilizing as Boeing's hiring bears fruit.
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